ICWAI stands for Institute of Cost and Work Accountants of India. If you want to become cost accountant you need to clear the three levels of ICWAI CMA exam. The entrance exam is held twice every year one in the month of June and other in the month of December.

ICWAI exam is conducted by Institute of Cost accountant of India. The three stages of ICWAI are:

>>Foundation course

>>Intermediate course

>>Final course.

The minimum academic qualification required to appear for Foundation course is 10+2 from a recognized board. Even appearing candidate can apply for the exam.

ICWAI exam pattern:

Paper I and Paper II: (100 marks)

Paper I: Fundamentals of Economic and Management.

Paper II: Fundamental of Accounting.

Paper III and Paper IV: 100 marks

Paper III: Fundamental of Law and Ethics.

Paper IV: Fundamental of Business Statistics and Mathematics.

The questions are multiple choice questions of 100 marks each carrying one mark each and there is no negative marking.